The stock market in 2017 has increased at record levels unseen in American history. Never before has the market increased by more than 4,000 points in a single calendar year but has done that in 2017. The Dow is up more than 30 percent since the election.
Liberals and Democrats refuse to give President Trump credit for the stock market rally this past year but they provide no evidence to support their false convictions. Here are 10 reasons why the 2017 record stock market rally is due to President Trump’s actions and why it will continue.
1. President Trump’s Marketing Skills
President Trump’s marketing and leadership may be the single most important factor pushing the economy and the stock market to record highs. Civilian Trump was a billionaire and a promoter. He prided himself in deal making and his presence led him to have one of the most popular shows on TV (The Apprentice). In nearly every single speech or rally he has held, he promotes success, making America great again, winning and prosperity. This repetition and promotion has led to consumer confidence reaching a 17 year high. President Trump’s repetition and success encourage economic excitement in the US like a snowball going downhill.
2. Frankly, Obama’s Economy was Horrible
To say that the economy was on a roll before the 2016 election is not true. The last all-time stock market high before the November 8th, 2016 election was on August 15th, 2016, three months prior to the election. The stock market decreased in value in 2015 and there were no new stock market all-time highs in Obama’s entire first term. Obama’s economy incurred unemployment as high as 10 percent. His Presidency was the first ever to not reach an annual GDP of at least 3 percent in at least one year during his term. His policies doubled the US Debt to nearly $20 trillion and the massive increase in regulations stifled the economy. Not only that but Obama had no idea how to lead America to greatness. His words and actions actually portrayed someone who didn’t want America to win.
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Clearly this past year’s record stock market increase is not due to the prior President whose ‘America last’ policies led to the destruction of the middle class and the stagnation of the American economy.
3. Reduction in Regulations
One of the first things that President Trump did in office was to reduce the number or burdensome regulations put in place during the Obama era. In January President Trump signed his 2 for 1 executive order mandating that for every new regulation, two regulations needed to be revoked. Even far left Politico notes that significant federal regulations since Trump’s inauguration have slowed to an almost total halt.
Regulations cost Americans and American companies money to implement and maintain. Reducing or halting regulations allows companies to spend their money on more prudent money making areas.
4. President Trump Encouraging Business Leaders to Build in America
President Obama said before the election that jobs just are not coming back to the United States. He mocked candidate Trump for suggesting that jobs could come back to the US and said some of those jobs just aren’t coming back – “What magic wand do you have?”
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